2.75% annual interest for a 30-year term on a $600 purchase, compounded annually
1 answer:
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Following PEMDAS is crucial to solving these. Please Excuse My Dear Aunt Sally
P - Parenthesis
E - Exponents
M - Multiplication
D - Division
A - Addition
S - Subtraction
Multiplication/Division and Addition/Subtraction are interchangeable.
Now then, number 1 has the following:
There are no parenthesis or exponents, but there is multiplication, so we will start with multiplying. There are two multiplication expressions in the problem.
Since you did that, your answer has been simplified to:
Now, all you have to do is combine your like terms. Since every term is alike, you can combine the whole expression.
So, your final answer would be:
Hopefully with this information, you can solve the rest. If you have any questions, let me know.